Finance
Airtel Africa Could Soon Operate as a “Super Agent” in Nigeria
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6 Ways CFOs Can Stay Ahead of Hackers
Global losses from payment fraud have tripled from $9.84 billion in 2011 to $32.39 billion in 2020, according to Deutsche Bank’s 2021 report on the future of payments. And financial professionals are saying COVID-19 hasn’t helped matters, with 65% believing that the global pandemic is to blame for some of the accelerated rate in fraud activity, revealed by a 2021 survey by the Association for Financial Professionals (AFP). While these cybercriminals can target many areas of an organisation, the dangers are ultimately measured in financial terms. This means that Chief Financial Officers (CFOs) can no longer ignore cyber security simply because it is a complex issue outside their area of expertise. As custodians of the company’s monetary assets and financial data, CFOs are responsible for sa...
Confidence Rebounds in SA as Consumers Embrace eCommerce & Contactless Payments
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Airtel Money is Launching this New Virtual Payment Solution in Zambia
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Tencent Music Ekes Out 3% Revenue Gain After Tough Quarter
At the end of the quarter, QQ Music’s daily video views and viewers reached 100mm and 18mm respectively, representing triple-digit annual growth. Music streaming services may bear the name “music” but are increasingly “pan-entertainment,” a term TME used to describe competitors that lured away its “casual users” and caused monthly average users to drop from the second quarter. (Music users’ average revenue per user slid to 8.9 RMB ($1.39) from 9.4 RMB ($1.47) in the prior-year period.) In addition to focusing on videos, TME is building its live-streaming business, used by 10,000 musicians by the end of the third quarter, and long-form audio — audiobooks, podcasts — that reach 140 million users monthly, up 89% increase year over year...
An NFT is Being Made for This Apartheid Struggle Legend
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3 Payments Trends for Emerging Markets to Keep Eye On in 2022
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4 Compelling Ways that Technology Plays a Key Role in SA’s Economy
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What Squid Game Can Teach You About Crypto Investing
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Live Nation Stock Hits New Highs After Encouraging Earnings
Business has grown from a virtual standstill in early 2020, to revenue of $2.7 billion in the third quarter of 2021. (That’s compared to $575.9 million in the year’s second quarter and just $184 million in the third quarter of 2020.) Investors with enough foresight and fortitude to buy stock at the pandemic low and hold their shares could have earned a six-times gain on their investment — and could make more as pandemic fears fade and fans show up for a full slate of tours over the next three years. Former Grateful Dead members touring as Dead & Company, were one of Live Nation’s high points in 2020 after selling over 184,000 tickets to eight shows from June to August, according to Billboard Boxscore. “This isn’t just young kids going to shows because they’re not scared,” said CE...
HYBE’s Quarterly Earnings Get Boost From Ithaca Holdings as BTS Concerts Await
Content featuring BTS and management fees from Ithaca’s clients helped generate record revenue in the third quarter. It took a coalition of songs, artists and merchandise — plus a big acquisition — to help Korean music company HYBE, the home of BTS, recover from a fourth straight quarter without touring revenue. BTS’ hit “Butter” and revenue from Ithaca Holdings, which HYBE acquired in April, helped the company post record quarterly revenue of 341 billion KRW ($288 million) in Q3, up 79.5% from the prior-year period, the company announced on Thursday (Nov. 4). HYBE held up remarkably well while the pandemic has brought its concert business, historically a major money-maker, to a complete standstill. Concerts accounted for 29% and 33% of HYBE...
Standard Bank Taps Nigerian Fintech Unicorn to Drive Digital Payments
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